Notes to the Financial Statements
(Cont’d)
For the year ended 30 April 2015
(In Singapore Dollars)
99
STAMFORD TYRES CORPORATION LIMITED
BUILDING ON OUR EXTENSIVE NETWORK
39. Segment information (cont’d)
Distribution of tyres and wheels to external customers are included in the South East Asia, North Asia, Africa
and other segments. Manufacturing of alloy wheels sold directly to external customers are included in the
South East Asia segment.
Except as indicated above, no operating segments have been aggregated to form the above reportable
operating segments. Management monitors the operating results of its business units separately for
the purpose of making decisions about resource allocation and performance assessment. Segment
performance is evaluated based on operating profit or loss which in certain respects, as explained in the
table below, is measured differently from operating profit or loss in the consolidated financial statements.
Income taxes are managed on a group basis and are not allocated to operating segments.
Transfer prices between operating segments are based on terms agreed between parties.
South East
Asia
c
North
Asia
d
Africa Others
e
Total of
segments Elimination Consolidated
$’000 $’000 $’000 $’000 $’000
$’000
$’000
2015
Revenue:
External revenue
243,019 1,739 33,265 14,492 292,515
–
292,515
Inter-segment revenue 40,546
660
–
– 41,206 (41,206)
–
Other revenue:
- Interest income
(11)
–
88
53
130
–
130
- Others
226
537
–
15
778
–
778
Total revenue
283,780 2,936 33,353 14,560 334,629 (41,206)
293,423
Finance costs
(5,085)
(5)
(147)
(142) (5,379)
441
(4,938)
Segment result
4,934
258
(419) (1,769)
3,004
441
3,445
Less: Unallocated
expenses
(54)
Share of results of joint
ventures
–
66
–
(312)
(246)
335
89
Profit before taxation
3,480
Taxation
(1,777)
Profit for the financial
year
1,703
Other information
Segment assets
234,278 4,516 23,502 10,038 272,334
–
272,334
Associated and joint
venture companies
233 13,729
–
2,168 16,130
–
16,130
Unallocated assets
2,248
34
–
365 2,647
–
2,647
Total assets
236,759 18,279 23,502 12,571 291,111
–
291,111
Segment liabilities
157,353
591 4,164 5,496 167,604
–
167,604
Unallocated liabilities
2,473
–
–
–
2,473
–
2,473
Total liabilities
159,826
591 4,164 5,496 170,077
–
170,077
